Proration

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This topic contains 0 replies, has 1 voice, and was last updated by  Hannah Sears 11 months ago.

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    Hannah Sears
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    Can someone please help me understand how to do proration questions 2?

    2. The buyer made an offer of $119,000 for the property with a down payment of $18,500 and they plan to assume the seller’s loan with its balance of $101,400. The interest rate on the loan is 9.5%. The settlement date is July 13.

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